Variables

SARAR Panel Data (FE)

Model 1

Model 2

Physical Capital

0.0433**

(0.011)

0.0468***

(0.009)

Human Capital

1.6036***

(0.000)

1.5917***

(0.000)

Unemployment

−0.1203**

(0.027)

−0.1153**

(0.036)

Public Investment

0.0265

(0.336)

0.0280

(0.313)

Corruption 1

−0.0381

(0.531)

Corruption 2

−0.0154

(0.4997)

Spatial Lag of the Idiosyncratic errors

0.6371***

(0.000)

0.1680***

(0.000)

Spatial Lag of Income per capita

0.1697**

(0.012)

0.1680**

(0.013)